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Home My WebLink About1237 ~ ; R • _ • . PRAVIDE(1, ALVYAYS, that if the ~Nort~a~ot :hsll pay unto the !No~t~a~ee the ~ndebtedness ev~Jencrd hy a cerla~n ptom~~so~y note ~f which the followin~ in words and [i~u~es is ~ true copy to-vvit: ~44~Q ~G ~~O~C s 1_,_525 00 Fort P1E'1'~_ I'IoriJa 7L~ X 24 ' , f l ~~5~0~~1~~ ~~~~1STRIBt1`tI~~~ANY-O~~PET~RSBURG~ROFIT- ~~A`~~`I~(~a~ lu ll~~ u~drr u~ ~ Ih~ p~i~u•ipal •um of ~~~~~~j~_NI1Nj~RF:D TWFNTV-FTVF an~ 1)(11.'LAR.~, togo e(her w~lh inlr~r•l thrreun fn?m date at thr rair uf t~n prn•enl, per annum un1i1 maturity, buth principal and iut~resl t~r.i~~ payabl~ in lawful munr~ uf th~ t'nitrd ~tatr. at '.'.'~-1-~ ki.•cayne 131~d., ~liami, Florida, ot at such other place as the holden: hereuf may deaignate in writinK. 1'rincipal and intere~t payable in in•tallments a.. follow~: . ~ - FIFTY ($50.00) DOLLARS per month begin~ing on the 15th day of 3eptember, 1975, and continuing on the 15th day of each and every month thereafter until paid in full. ~ ~1 11 This nate may be prepa~d in N~hote or in part a[ter one year from the date hcreof upon payment of a penalty equivalent~ tu ~•i;;l~t ~u•rc~•nt uf tl~r prin~•ipal •~uu ~?n•~?aid. F:ach in•tallmrnt payment ~6a11 be ~•rcdited first on the interest due, and th~ remainder on principal; and intercrt.hal! thrrr- ~ u~w~~ ~•rasr u~run thr prineipal w rn•ditrd. Tl~e mak~n and rndonrn uf thi~ not~ furth~r aKme to wai~e drmand, nutice of non-paymrnt and protest, and in th~ event .uit J~el) i~r bruughl fur the ~•uU~ctiun hereof, or lh~ same haslo be cullected upon demand of an attorney, to pay rea.conaLle attorney'a f~~r. fur making wch rullrctiun. • 1)~frrred paymenl~ hr.rrund~r ~hall brar int~rr.t at the rate ot ten perc~nt per annum from maturity u~til paid. ' 7'hi. n~~t~ i.. secun~d by a mortgaK~ o( even date hcrewith and is to be construed and en(orced according to the laws o[ the ~ '~tat~ of Florida: upon drfault in the payment of principal and/or interest when due, lhe whole sum of principal and intere~t rrmaining unpaid ~hall, at the option of th~ holde~, become immediately due and payable. ~ ~ lC G (SEAL) (S~AL) Prrp~r~d by ~prler 15 Tendneh, Attnrney~ - 224(1 Biscayne Hlyd.. Miami, F lorida ~r~d ~hall perfcxm, comply with and abide by each and every the stipulations, agreements~ conditions and cove- nants uf taid promissory note and of this doed, then this deed and the estate thereby cceated shall cease and be null and void. 1. The Mortgagor hereby covenants and aarees: la) To pay all snd ~~niular the p~nc~pal and ~ntcrtst and otAer sums of money payaple by virtue o( said prom~ssory no~e and th~s deed, or e~ther, proaptly on the days respectivelr tAe same severally oecaaes due. lbl To pe~mu, coarau or su((er no ~as~e and to mamuin tAe ~mp~oveoeats at all tinea ia a atate o( ~ood cepair snd coad~t~on. artd to , do or pera~~ ~o be dane to said prem~ses noth~n~ th~t v~ll alte~ or cAaa{e tbe we and cAuactet of said property or in any ray ~mpa~r or ,?eake~ tht secunty of thts matp~e. And in case ot tAe refusal, ne~lect or iaability ot 1Ae Morts~~or to repair aM eainuin s~id prope~- ty, the Alor~p~ee may, at hia opUOn, mate such repa~rs or cause the s~ae to be m~de. aad ~drance oaaeys in tAat behalL - fcl To pay ~11 and s~n{ulu tAe taxea, aaaesseunts, lev~es, liab~lities, snd o~lipt~oos ot every natute on sa~d described property each u~queot. and to delivet to the 1Aottsa~ee on ot before March and every rhen due snd payable accordms to la~, bmfare ~hey become del' ISth of eac6 year Iax rtceipts ev~denc~na the psyment o( ail la~rfully imposed taaes fa.the precedin~ ealendar Year; to ~ndemn~fy thc Mart~s~ee u0oa his demaod (o~ all u~fes, a.sesaments and chsrses that mar be assessed upon th~s mo~t~s~e on the indestedness cured hereby, and ~+aid by tbe mat~asee, ~~thout re~ard to any law~ Aeretdore enacted a hereatter to be enacted ieposin~ payment of ~ thc rhole a any ~art thereot upon the 1?tort~a~ee. ~ (dl To pay sll and s~njular t6e costs, cAar{es and eapenstx, includ~es la~ryers' tees and absttset eosts teasonably incurced M pa~d a~ ~ any t~ne hy tbc 11la~sasee because ot the fa~lure on the p~r~ ot the Mort~a~or to per(ons. cosoly vith and ab~de by each and every the ct~pul~t~ons, a=reementc, cond~tions and corenants o( said promissory nott and th~s deed, ot eitber, and every sucA~paymcnt shall bear ~ntrrest f~as date at the ra~e o( ten (!0'L) per centum per annum. (el It ia funher covenanted ~nd streed by sa~d psrues thst ~n t6e event ot a suit be~ns ~nst~tu~ed to (oreclose thls mat~sje, the ~lat- sa~ee shall be eatitled to •pply at sny ~~me peadin~ such fweclosure suit to tbe coun havin~ jurisdictio~ thereof (or the appo~ntment of a rece~rer of all and ain~ula~ the mor~q~ed ptoperty, and ot ~11 rents, incomes. p~ofits. issues ~nd rerenues thereof. froa ~rhatsoever .ource denved; aad Mererpon ~t is Aereby eapreasly coreoaeted aad a{rted thet the Coutt a6a11 (orthrriW sppoiet sucA rece~ver r~tA the usual poaiera and dutwa of receivers in like c~ses; and s~id appo~ntment shall be made by the court as s autter of stric~ nsht to ~he Mat~:~et, and ~~thou~ re(erence to Ihe adequacy a~nadequacy of the vslue ot the property Aereby n~ort~a~ed, or to the aolvency ~x ~nsolvtecy of the Mortsa~ora a any o~her party defendant ~o such suit. The INortp~or hereby spec~fitally ~aires the n~At to ob~ect to the appomtment of a recei~er ac aforesa~d and hereby espressly consents thst such appo~ntment sh~ll be ~ade as an adm~tted equny i ~nd as a matter ot absolute rijhl to the Mortq~ee ~nd th~t the ssa~e may De done .nThout notice to the Mort~a~or. ! ' E If) If torecloswe proceed~n~s should be ~nsututed ~~~imt the ptopetty covered by tA~s mortp~e upoo any other lien or cla~m vhether i alle~ed ~o be super~or or junior io the liee of this oortsase, the ?lortsatee iaay ~t h~s optioo imised~~tely upon ~nstituuon of such su~~ or dunn~ tht pendenty tAereof declsre th~s matp~e and the indebtedo~ss secured 6ereby due and p~yable tath~r~th snd may at :[s opt~on proceed to fatclose tb~s mo~tq~e. (~l Th~t the Mortaa~a wrill keep sll real and personal property no~ or here~(ter encumbered by t6e I~en of tAis mort~s~e ~nsured as msy be requ~red (rom tiine to tirse by ths Mort~asee ~p~nst loss by t~re, rind~tam and other hasuds, c~sualties snd cunlin~enc~es tur such per~ods and ior not less tdaa such aaaunts as sar be requued by the MortNt« +~d ~a C~l' M~V~~Y +~hen due all premiums !or sucA ~nsw~nce. The so~ounta ot insur~nce requued by tbe Mort~asee ahsll be tAe miaimum amounts for vh~ch ss~d inswance shsll be rr~tteo and ~t sh~ll be mcwebent upoo the Mort~s~or to winqin sueh ~dditional insurance as aaY ~ nece~sary to meet and canply fully ~~tA atl co-~nsuraect requitements contained in said policies to the end that the ssid Ma~~asa ~s not a co.insura thercunder.lnsur~ncc shall be ~rr~ttsn sy a cowpaar or coapan~es sPptored ar des~~n~ted by the Nortsa~ee and a1) pol~c~es sad reae~als thereof shsll Ae Atld by tbe Matp{ee. All detailed deai~nauons by tbe Mo~t~a~a Wh~ch ue sccepted by the Mattp~ee snd all a~reaeents ba.etn Matq~or and Matsi~ee rel~t~n~ lo ins~x~nce, nor eaistln~ or here~fter made, shall be in rnt~n~ ~nd sAall Ae a part ~ tbia oortsa~e asteeaent as tullr ~s thou~A set torth verb~t~m herem and shall ~orern both Osrties hereto• snd IAeir sacctssors aad ass~~ns. No lien upon ~ny of s~id pol~cus of insurance or ~pao aar retund or return preo~~wa ~Aich aur be paY~ble oe the c~ncetl~tioe a ~ersmsuon thereof. sh~ll be ~~ven to wher than tAe Mott~~{te, except br popet endorsement •t(~aed to such pol~cy and appored by hlalp~te. EacA pol~cy ~?f ~nswance sAall have a(f~aed thereto • Staadud New Ywt Mor~~s~ee Cl~ust r~tAoYt Contnbuuon, mak~n~ all loss ar losses under such po1~cY psrable to the A1a~{s~ee as ~ts ~aerest esay aopear. tn the e~ent ~nr sue~ or sw~s ot esoney become oayable thereunde~ the ~tore- Rasce ~Asl! hsre the ophon to rece~•e sn0 apply the saise on account ot thc ~adebtedness heteby secured. a to pero~t ~he \MrtEsfor io rcceirc aad use a•ny part thereof, withwt tAereby wsiv~n~ or napa~nn~ aay equ~ty, lien, a n~ht under and by vrttuc ot;d~. ~ , m«tp~e. In evrnt of loss or phys~cal dama~e ~o tht mort~ased proper~y the Mo~t~a{or shall ~~re ~srsed~~te nohae thereut by ~.il t.~ ~ . ~h~ M.irtp~er ~nJ Ue AIrn~RaEee nuY ~ke {xuuf of low it th. ~amc ic not made prumptly.bY the ~lataasa. tn eren~ r~f (ae~fn.ure e( E ~ BOOK FACf ~~O ~ ~ p"~ C, ~ 5 : . ' . . _ I ~~~r~ '.~^~+7 h ,.y".'~W 5 ~ ~'S . ~ ~ " ~ , a~ '+~`L - ~i 3- ~ _ - ,~~,~s+~',~~~ '~~.r.. . ~